Corticeira Amorim SGPS (HAM:AS4) Gross Margin %: 54.92% (As of Mar. 2026) — Near Median


HAM:AS4 Corticeira Amorim SGPS SA HAM:AS4
61 GF Score
Price €6.25
GF Value €7.29
! 5 Warning Signs
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What is Corticeira Amorim SGPS Gross Margin %?

Corticeira Amorim SGPS HAM:AS4 -0.48% 61 Gross Margin % is 54.92% as of Mar. 2026, which is 7% above its 10-year median of 51.40. GuruFocus rates HAM:AS4 with a GF Score™ of 61/100 and a GF Value™ of €7.29. The stock has 5 warning signs investors should review. Among 279 Forest Products companies, Corticeira Amorim SGPS ranks better than 93.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Corticeira Amorim SGPS's Gross Profit for the three months ended in Mar. 2026 was €115.9 Mil. Corticeira Amorim SGPS's Revenue for the three months ended in Mar. 2026 was €211.0 Mil. Therefore, Corticeira Amorim SGPS's Gross Margin % for the quarter that ended in Mar. 2026 was 54.92%.


The historical rank and industry rank for Corticeira Amorim SGPS's Gross Margin % or its related term are showing as below:

HAM:AS4' s Gross Margin % Range Over the Past 10 Years
Min: 49.6   Med: 51.4   Max: 54.66
Current: 54.66


During the past 13 years, the highest Gross Margin % of Corticeira Amorim SGPS was 54.66%. The lowest was 49.60%. And the median was 51.40%.

HAM:AS4's Gross Margin % is ranked better than
93.55% of 279 companies
in the Forest Products industry
Industry Median: 19.05 vs HAM:AS4: 54.66

Corticeira Amorim SGPS had a gross margin of 54.92% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Corticeira Amorim SGPS was 1.60% per year.


Corticeira Amorim SGPS  (HAM:AS4) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Corticeira Amorim SGPS had a gross margin of 54.92% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Corticeira Amorim SGPS Gross Margin % Related Terms


Corticeira Amorim SGPS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Corticeira Amorim SGPS's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Corticeira Amorim SGPS Gross Margin % Chart

Corticeira Amorim SGPS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.63 51.28 51.51 52.85 54.63

Corticeira Amorim SGPS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.79 53.79 53.96 56.28 54.92

HAM:AS4 vs SSD, UFPI, BCC: Gross Margin % Comparison

For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Corticeira Amorim SGPS Gross Margin % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Corticeira Amorim SGPS's Gross Margin % falls into.


HAM:AS4
61GF Score
Corticeira Amorim SGPS SA HAM:AS4
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Corticeira Amorim SGPS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Corticeira Amorim SGPS's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=470.4 / 860.967
=(Revenue - Cost of Goods Sold) / Revenue
=(860.967 - 390.596) / 860.967
=54.63 %

Corticeira Amorim SGPS's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=115.9 / 210.978
=(Revenue - Cost of Goods Sold) / Revenue
=(210.978 - 95.112) / 210.978
=54.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 54.92% mean?
Corticeira Amorim SGPS (HAM:AS4) has a Gross Margin % of 54.92% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Corticeira Amorim SGPS and its competitors. This is near median its historical median of 51.40. Over the past decade, Corticeira Amorim SGPS's Gross Margin % has ranged from 49.60 to 54.66. According to the industry distribution chart, Corticeira Amorim SGPS ranks #18 out of 279 companies in the Forest Products industry, placing it in the top 6.5%.
Is Corticeira Amorim SGPS's Gross Margin % too high?
Corticeira Amorim SGPS's current Gross Margin % of 54.92% is near median its 10-year median of 51.40. Over the past 10 years, this metric has ranged from a low of 49.60 to a high of 54.66. The Forest Products industry median Gross Margin % is 19.05. Corticeira Amorim SGPS's value of 54.92% is 188.3% above this industry median. Based on the distribution chart, Corticeira Amorim SGPS ranks #18 out of 279 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Corticeira Amorim SGPS has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Corticeira Amorim SGPS's Gross Margin % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Corticeira Amorim SGPS ranks #18 out of 279 companies for Gross Margin %. This places Corticeira Amorim SGPS in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.05. Corticeira Amorim SGPS's value of 54.92% is 188.3% above this benchmark. Historically, Corticeira Amorim SGPS's own Gross Margin % has ranged from 49.60 to 54.66 over the past decade. While the company's 10-year median is 51.40 vs. the industry median of 19.05, Corticeira Amorim SGPS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Forest Products company?
The median Gross Margin % among Forest Products companies is 19.05, based on 279 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Corticeira Amorim SGPS's current Gross Margin % of 54.92% is 188.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Corticeira Amorim SGPS and its competitors. For the Forest Products industry, the median Gross Margin % is 19.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corticeira Amorim SGPS's current Gross Margin % is 54.92%, which is near median its own 10-year median of 51.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corticeira Amorim SGPS stock overvalued right now?
Corticeira Amorim SGPS (HAM:AS4) has a current Gross Margin % of 54.92%. The stock's GF Value™ is €7.29, compared to a current price of €6.25 — trading 14.3% below its estimated fair value. The current Gross Margin % is 54.92%, which is near median its 10-year median of 51.40 and 188.3% above the Forest Products industry median of 19.05. Corticeira Amorim SGPS's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Corticeira Amorim SGPS (HAM:AS4), the current Gross Margin % is 54.92% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Corticeira Amorim SGPS (HAM:AS4) Overvalued in 2026?

Based on GuruFocus' analysis, Corticeira Amorim SGPS stock appears to be undervalued. The current stock price of €6.25 is trading 14.3% below its estimated GF Value™ of €7.29.

Key valuation signals for HAM:AS4:

  • Gross Margin %: 54.92% (near median its 10-year median of 51.40)
  • GF Value™: €7.29 vs. price of €6.25 (14.3% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 188.3% above the Forest Products median (#18 of 279)

No single metric tells the full story. See the HAM:AS4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Corticeira Amorim SGPS Business Description

Address Rua Comendador Americo Ferreira Amorim, 380, Mozelos, PRT, 4536-902
Corticeira Amorim SGPS SA is mainly engaged in the acquisition and transformation of cork into a numerous set of cork and cork-related products, which are distributed through its network of sales companies. Its business units are Amorim Florestal, Amorim Cork, and Amorim Cork Solutions. It derives the majority of the revenue from Amorim Cork segment which produces different types of existing cork stoppers. The main markets are the bottling countries, from the traditional ones like France, Italy, Germany, Spain and Portugal, to the new markets like USA, Australia, Chile, South Africa and Argentina. Geographically, its operations are spread across EU, USA, Rest of America, Australasia, Portugal, Africa, and Rest of Europe.
61GF Score

Get the complete analysis for HAM:AS4

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.25
Price
€7.29
GF Value